Oil prices rose in thin trade early Friday but were heading for a third straight weekly loss as fears of slowing demand mounted in China, where Covid restrictions are returning amid rising numbers of infections.

As of 10:00 a.m. ET on Friday, the US benchmark WTI Crude Oil rose 0.62% to $78.42 and the international benchmark, Brent crude oilwas traded up 0.30% to $85.60.

Oil prices fell to their lowest since January earlier this week after reports -…

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